If you rely on Supplemental Security Income (SSI), there is good news: the December SSI payment, which is usually issued on the first of the month, will be sent out earlier this time. Because December 1 falls on a Sunday, payments will be deposited on Friday, November 29, the last business day before the weekend. Here is everything you need to know to be ready for the $1,415 direct payment.
How much will you receive as your December SSI Payment?
A number of beneficiaries will receive some state supplement benefits along with their federal SSI payment.
- Federal payment: $943 for individuals, $1,415 for couples, and $472 for essential persons.
- State Supplement (if applicable): Amounts differ based on the state and individual specifics.
- Average total income: Dependent on the benefits available for your state.
Be sure to check your exact payment information, as they may differ based on your eligibility and location.
When will the SSI payment appear in your account?
You will receive your SSI payment for the month of December in your account on Friday, November 29, 2024. There is a direct deposit feature for this type of payment, and you may expect to see the funds available in your particular bank account first thing in the morning that day. If you are yet to set up your direct deposit but instead receive your benefits through prepaid debit cards or paper checks, the timing may differ slightly.
Here are some of the tips you can keep in mind to confirm your payment:
- Check your bank account: Access your banking app or log into your online account to validate whether the deposit is already in.
- Check your mailbox: If you receive paper checks, allow extra time for the postal service, especially around the holidays.
- Get in touch with the SSA: If you have not received your payment on the scheduled date, then you will need to report it to the Social Security Administration by calling 1-800-772-1213.
How does the payment schedule change affect January 2025?
With the December payment arriving early, you might wonder if this change impacts your January payment. The good news is that it does not. The January 2025 SSI payment will still be deposited on its regular schedule – January 1. However, since January 1 is a federal holiday, those funds will likely arrive on Tuesday, December 31, 2024.
In short, you will receive two SSI payments in December:
- November 29, 2024: December’s payment.
- December 31, 2024: January’s payment.
Will creating a my Social Security account affect my credit score or credit report?
Why is the SSI payment coming early for December?
You might wonder why the timing of your SSI payment changes for certain months. Usually, SSI payments are made on the first of each month. However, when the first falls on a weekend or federal holiday, the Social Security Administration (SSA) adjusts the payment schedule to ensure you receive your funds on the prior business day.
For December 2024, this means your SSI payment will arrive on November 29, which is the Friday before the weekend. This change ensures that there are no delays in your access to the funds you depend on.
What can you do to prepare for early payments?
When SSI payments arrive earlier than usual, it is important to plan ahead. Receiving two payments close together might make it tempting to spend more during the holiday season, but remember that these funds need to last until your next scheduled payment.
Here are some suggestions to stay on top of your finances:
- Create a budget: Make a simple plan for how you will use your SSI funds over the next month.
- Track your spending: Keep an eye on holiday expenses, as it is easy to overspend this time of year.
- Set reminders: Mark key payment dates on your calendar to avoid confusion about when to expect funds.
Who should you contact if you have questions about your SSI payment?
If you have any queries regarding your payments or if you notice that your payment has not reached you as expected, you can dial the SSA customer service number 1-800-772-1213 or visit your local Social Security office.
